Pyrrha, I agree as well with the sentiments of this thread.

This gives them the extra sentiment to work with you and possibly/ hopefully give you an idea of where your offer needs to be.

I am feeling pretty sentimental about it, but the problem that I have is that I still have tenants in there.  

Thanks, all, you confirmed my sentiments on the issue.

Good properties that are reasonably priced are not on the market for long which helps fuel your sentiment that "there's just not many options now."

Without going into all the details (probably any forum post would leave too much out), I would  do this (1) read up on being a landlord  some more to help you make the decision (but not so much the books on running 50-100 units, but just a book or two on renting out one or two units; (2) sit down and run those numbers hard down the penny taking in every expense and drilling down more on the income (still sounds fuzzy on both the income and expense side); (3) realize tenants will treat your "home" like, well, a rental, so make sure you know view it as a business asset and not a sentimental place. 

I agree with that sentiment because monthly tenancies yield landlords more control over the eviction process.

I appreciate your sentiment.

To my other fellow investors, what is your buy and hold sentiment on Memphis and would a property like this be ideal?

Either your marketing is inadequate or your asking price/rent isn't in line with local market sentiment.